5749 Summer Street, Niagara Falls (Hospital), Ontario

About 5749 Summer Street

Legal Non-Conforming 4-Plex + In-Law Suite | Prime Investment Opportunity. Fantastic income property featuring 5 x 2-bedroom units, including a lower-level 2-bedroom in-law suite with separate entrance. Set on a large 60.14 x 160.75 ft lot, this turnkey building includes a detached double garage, concrete driveway, and parking for all units. Four units have been recently renovated with approx $240,000 in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates include breaker panels, windows and doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades throughout several units. Gross annual income approximately $97,686 with a desirable cap rate exceeding 8%. Ideally located just steps from the hospital, public transit, shopping, and other amenities in a rapidly evolving area of Niagara Falls. Whether maintaining the existing income-producing assets or investigating future redevelopment possibilities, buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, redevelopment potential, and municipal requirements. A rare opportunity to acquire a high-performing income property with immediate cash flow, significant recent capital improvements, and potential long-term upside in one of Niagara Falls' growing neighbourhoods. (id:6289)

More Info on this 215 - Hospital Multi-Family MLS® listing

5749 Summer Street is a multi-family listing for sale in Niagara Falls (Hospital). The MLS® number is X13233040. It features 10 bedrooms, 1 bathroom. It's currently listed for $940,000. For more details on MLS® X13233040, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in 215 - Hospital is available now!

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